Accounts filed on 31-12-2015

Accounts filed on 31-12-2015

ROCHESTER CATHEDRAL ENTERPRISES LIMITED - Company Information

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ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Company Registration Number:
01309779 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 January 2015

End date: 31 December 2015

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2015

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Company Information

for the Period Ended 31 December 2015




Director: Very Revd Philip J Hesketh
Canon Paul Hudson
Canon Barbara Lloyd
Mrs Gilly Wilford
Mr Anthony Morse
Mr David Thompson
Very Revd Dr Mark Beach
The Ven Simon Burton-Jones
Canon Neil Thompson
Canon Jean Kerr
Canon Andrew Gray
Secretary: Mr Robert Trice
Registered office: Garth House
The Precinct
Rochester
ME1 1SX
Company Registration Number: 01309779 (England and Wales)

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Directors' Report Period Ended 31 December 2015

The directors present their report with the financial statements of the company for the period ended 31 December 2015

Principal activities

The Company's principal activity continues to be that of the operation of a refectory, and also the sale of literature and gifts.

Directors
 The directors shown below have held office during the whole of the period from
01 January 2015 to 31 December 2015
Very Revd Philip J Hesketh
Canon Paul Hudson
Canon Barbara Lloyd
Mrs Gilly Wilford

The director(s) shown below were appointed to the company during the period
Mr Anthony Morse on 12 October 2015
Mr David Thompson on 12 October 2015

The director(s) shown below resigned during the period
Very Revd Dr Mark Beach on 25 January 2015
The Ven Simon Burton-Jones on 08 June 2015
Canon Neil Thompson on 08 June 2015
Canon Jean Kerr on 08 June 2015
Canon Andrew Gray on 08 June 2015

Political and charitable donations

The Company made no political or charitable donations in the year.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 18 April 2016
And Signed On Behalf Of The Board By:

Name: Very Revd Philip J Hesketh
Status: Director

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Profit and Loss Account

for the Period Ended 31 December 2015


Notes
2015
£
2014
£
Turnover: 2 305,556 295,778
Cost of sales: ( 103,478 ) ( 98,857 )
Gross profit or (loss): 202,078 196,921
Administrative expenses: ( 201,043 ) ( 195,392 )
Other operating income: 345 125
Operating profit or (loss): 1,380 1,654
Profit or (loss) on ordinary activities before taxation: 1,380 1,654
Profit or (loss) for the financial year: 1,380 1,654

The notes form part of these financial statements

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Balance sheet

As at 31 December 2015


Notes
2015
£
2014
£
Fixed assets
Total fixed assets: 0 0
Current assets
Stocks: 3 28,615 18,201
Debtors: 1,817 2,768
Cash at bank and in hand: 8,880 10,130
Total current assets: 39,312 31,099
Creditors: amounts falling due within one year: ( 37,153 ) ( 30,320 )
Net current assets (liabilities): 2,159 779
Total assets less current liabilities: 2,159 779
Total net assets (liabilities): 2,159 779

The notes form part of these financial statements

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Balance sheet continued

As at 31 December 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 4 82 82
Profit and loss account: 5 2,077 697
Shareholders funds: 2,159 779

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 18 April 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Very Revd Philip J Hesketh
Status: Director

The notes form part of these financial statements

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant and Equipment 20% reducing balance, Fixtures and fittings 10% reducing balance, Computer equipment 33% reducing balance.

    Valuation information and policy

    Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Leasing and Hire purchase
    Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated by to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic charge on the net obligation outstanding in each period.
    Deferred Taxation
    No Provision is made for deferred taxation on the basis that the established practice of the directors of RCE Ltd is to donate all taxable profits to Rochester Cathedral. As such no taxation is expected to ever to arise.
    Pensions
    Four employees were members of the Church Workers Pension Scheme which is a defined contributions Scheme. The total pension contributions paid by the company for the period to 31st December 2015 amounted to £4,790 (2014 £3,066).

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 2. Turnover

    All of the company's turnover for the year was from its principal business activities in the UK.

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 3. Stocks


    2015
    £
    2014
    £
    Stocks of raw materials and consumables: 28,615 18,201
    Total: 28,615 18,201

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 82 1.00 82
    Preference shares: 0
    Total share capital (£): 82
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 82 1.00 82
    Preference shares: 0
    Total share capital (£): 82

ROCHESTER CATHEDRAL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 5. Profit and loss account


    2015
    £
    2014
    £
    Opening balance: 697 ( 957 )
    Profit or (loss) for the period: 1,380 1,654
    Retained profit: 2,077 697